TLTE vs. FXAIX
Compare and contrast key facts about FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and Fidelity 500 Index Fund (FXAIX).
TLTE is a passively managed fund by Northern Trust that tracks the performance of the Morningstar Emerging Markets Factor Tilt Index. It was launched on Sep 28, 2012. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLTE or FXAIX.
Key characteristics
| TLTE | FXAIX | |
|---|---|---|
| YTD Return | 8.80% | 27.16% |
| 1Y Return | 18.91% | 39.89% |
| 3Y Return (Ann) | 0.04% | 10.29% |
| 5Y Return (Ann) | 4.71% | 16.01% |
| 10Y Return (Ann) | 3.58% | 13.33% |
| Sharpe Ratio | 1.25 | 3.13 |
| Sortino Ratio | 1.78 | 4.16 |
| Omega Ratio | 1.23 | 1.59 |
| Calmar Ratio | 0.83 | 4.59 |
| Martin Ratio | 6.67 | 20.80 |
| Ulcer Index | 2.66% | 1.86% |
| Daily Std Dev | 14.18% | 12.39% |
| Max Drawdown | -44.21% | -33.79% |
| Current Drawdown | -6.52% | 0.00% |
Correlation
The correlation between TLTE and FXAIX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TLTE vs. FXAIX - Performance Comparison
In the year-to-date period, TLTE achieves a 8.80% return, which is significantly lower than FXAIX's 27.16% return. Over the past 10 years, TLTE has underperformed FXAIX with an annualized return of 3.58%, while FXAIX has yielded a comparatively higher 13.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TLTE vs. FXAIX - Expense Ratio Comparison
TLTE has a 0.59% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
TLTE vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and Fidelity 500 Index Fund (FXAIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
TLTE vs. FXAIX - Dividend Comparison
TLTE's dividend yield for the trailing twelve months is around 2.68%, more than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 2.68% | 4.03% | 4.42% | 3.21% | 1.95% | 3.22% | 3.02% | 2.12% | 2.30% | 2.00% | 2.06% | 0.83% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
TLTE vs. FXAIX - Drawdown Comparison
The maximum TLTE drawdown since its inception was -44.21%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for TLTE and FXAIX. For additional features, visit the drawdowns tool.
Volatility
TLTE vs. FXAIX - Volatility Comparison
FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has a higher volatility of 4.63% compared to Fidelity 500 Index Fund (FXAIX) at 3.91%. This indicates that TLTE's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.